Neonode strike a deal in India

More good news for Neonode fans out there, Neonode have just announced a deal with TMM to supply the N2 in India. Hopefully this could lead to deals being done with mobile operators in other countries!

The Neonode N2

From the press release:

Neonode, the Swedish mobile communication company that develops touch screen technologies and designs mobile handsets in which the technology also can be used, today announced an agreement with Turnstone Mobile Media LLC (TMM), a portfolio company of Turnstone Capital Management LLC, to distribute its products in India.

Under terms of the exclusive sales agreement, TMM, through its New Delhi-based affiliate, will be sole distributor of the unique Neonode N2 touch-screen mobile phone and related products in India, where cell phone and wireless infrastructure growth is one of the fastest in the world. Neonode has already made a substantial first shipment of its Neonode N2 mobile phones to TMM.

Neonode N2 uses the most advanced touch screen technology, the zForce™ optical touch screen. It doesn’t need any hard pressure or stylus but works quickly and accurately by reacting to sweeping and tapping signals on the screen. The intuitively organized user interface, neno™, delivers quick and easy access to applications and content.

“We are excited to be introducing the new Neonode N2 to India, where demand for the latest innovations in technology, especially mobile communications and entertainment, is among the highest in the world. Based on initial reactions by the largest carriers, distributors, retailers, and consumers throughout India, we anticipate the Neonode N2 will be well-received and are looking forward to announcing its release the first quarter of 2008”, said Marc La Magna, Managing Partner of Turnstone Capital LLC.

Neonode N2 was commercially launched in August 2007 and showcased at the U.S. Consumer Electronics Show in Las Vegas January 9-12, 2008. Currently Neonode N2 is available throughout markets in Europe and is also sold via the company’s web shop; www.neonodewebshop.com. The company’s innovative products will be marketed in North America, Latin America and China through its recently formed affiliated company, Neonode USA. With signing of this distribution agreement with TMM in India, Neonode makes another strategic business deal, placing the Neonode N2 in yet another significant market. New distributors continue to be added worldwide.

“We are delighted to add such an outstanding organization such as TMM to our growing family of distributors and licensors. This agreement secures our entry into India, the fastest-growing and one of the most exciting mobile markets in the world”, said Mikael Hagman, CEO and President of Neonode Inc.

Posted by: Matt

[Post tag(s): Tracy & Matt, Smartphone News, Neonode, N2, TMM]